OPERA ON TAP (EIN 204554125) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

DAVID GORDON

Phone

9175387413

Tax Period

2023-07-01 to 2024-06-30

OPERA ON TAP, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $585K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $670K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO BRING TRADITIONAL OPERA AND NEWLY COMMISSIONED OPERA TO NEW AUDIENCES IN NON-TRADITIONAL VENUES AND TO GIVE OPERA PERFORMANCE SINGING OPPORTUNITIES. TO TEACH THE BEAUTY OF OPERA TO ELEMENTARY SCHOOL CHILDREN

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $475,936

Program Service Revenue $107,760

Investment Income $0

Other Revenue $1,222

TOTAL REVENUE $584,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,623

Fundraising Expenses $85,825

Program Expenses $485,522

Other Expenses $334,034

TOTAL EXPENSES $669,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$584,918	$376,322	+0.6%
Expenses	$669,657	$399,504	+0.7%
Net Income	$-84,739	$-23,182	+2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$99,248

Total Directors

$99,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne Hiatt	Asst. Secretary, Executive & Artistic Director	40.00	Officer Director	$99,248	$0	$99,248
David Gordon	Chair	15.00	Officer Director	$0	$0	$0
Donna Epstein	Treasurer	7.00	Officer Director	$0	$0	$0
Lucia Rivieccio	Director	1.00	Director	$0	$0	$0
Ramona Ponce	Director	1.00	Director	$0	$0	$0
Isabel Walcott-Draves	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$584,918	$669,657	$104,783	$-84,739
2024	No data	No data	No data	No data
2023	$373,550	$396,715	$106,454	$-23,165
2023	$376,322	$399,504	$118,982	$-23,182
2022	$499,100	$745,655	$107,579	$-246,555
2021	$281,418	$378,262	$237,842	$-96,844
2020	$208,622	$213,567	$19,158	$-4,945
2019	$226,983	$265,042	$17,534	$-38,059
2018	$201,010	$197,255	$5,252	$3,755

OPERA ON TAP